Staff Reports
In yet another blow to the American economy, the Biden administration is steamrolling ahead with its radical environmental agenda, this time targeting the automotive industry. By implementing burdensome regulations through agencies like the Environmental Protection Agency (EPA) and the Department of Energy, President Biden hopes to force car companies into producing electric vehicles (EVs). But at what cost?
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The toll on the bottom line is simply staggering. Take Ford, for example. This iconic American company is projected to lose an astonishing $4.5 billion this year alone due to their foray into the electric vehicle market. Yes, you read that right — $4.5 billion. That’s equivalent to a jaw-dropping $60,000 loss for every single EV they produce. Talk about a shock to the system!
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Now, the Biden administration will undoubtedly argue that the hardworking American taxpayers should foot the bill for these disastrous losses. They’ll parade their subsidies, like the ones from the so-called “Inflation Reduction Act,” and claim that they have made electric vehicles more affordable. But let’s not be fooled by their smoke and mirrors. These subsidies only serve to hide the true cost and burden that is being placed on the American people.
But the damage doesn’t end there. As if the massive financial losses weren’t enough, we now have the ongoing United Auto Workers strike against not just Ford, but also General Motors and Chrysler. And guess what sparked this strike? None other than President Biden’s forced transition to electric vehicles. So not only are American car companies bleeding money, but now their employees are taking a stand against these unrealistic and harmful mandates.
It’s clear that the Biden administration’s obsession with electric vehicles is wreaking havoc on the American economy. These radical regulations do nothing but hurt hardworking Americans and force companies to make choices that are not economically viable. We need a leader who understands the importance of free market principles and supports innovation without heavy-handed government interference. We need a leader who puts the American people first, not his own pet projects.
